sp'60min
Summary
*closing hour... moderate upside chop.
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Despite the market clawing higher in the late afternoon, it was still unquestionably a day for the equity bears.
More than anything, the fact that the Friday close was broken under during today was a powerfully bearish signal for tomorrow.. and probably, the rest of the week.
Anyone feeling overly 'buy the dip'.. I refer you to the charts for AAPL and DIS... (soon to be posted) on my 'fair value' page. Both are highly indicative of increasing weakness in the broader market.
Have a good evening
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*the usual bits and pieces across the evening.. to wrap up the day.